Business
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Despite Battered Balance Sheet, Center City-based Republic First’s Customers Continue to Stay Loyal
Center City-based Republic First, a lender with $6 billion in assets, has found itself in financial purgatory recently, but unlike First Republic Bank, which was in a similar situation this spring, its depositors have largely remained loyal, writes Jonathan Weil for The Wall Street Journal. Like First Republic, Republic First incurred heavy paper losses that,…
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As Official Bank of the Eagles, Firstrust’s ‘Take It to the House’ Sweepstakes to Change One Lucky Winner’s Life
Seven years ago, in a home game against the Minnesota Vikings on Oct. 23, 2016, Josh Huff returned a kickoff 98 yards for a second-quarter touchdown that propelled the Philadelphia Eagles to a 21-10 victory. It was the last time the Eagles returned either a kickoff or punt for a touchdown at home. The law…
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Peer-to-Peer Lending Can Help You Earn Passive Income
Peer-to-peer (P2P) lending uses online platforms to connect lenders and borrowers directly, without the use of conventional financial intermediaries, like banks, writes Jagjit Singh for CoinTelegraph. In P2P lending, also referred to as marketplace lending, individuals or businesses looking for loans can request funding on a P2P platform by creating loan listings. Using the same…
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Penn Community Bank to Partner with Urban League of Philadelphia to Support First-time Homebuyers
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has donated $100,000 to the Urban League of Philadelphia to support the nonprofit’s first-time homebuyer and financial literacy program. The money will also help expand access to the Urban League’s Entrepreneurship Center. “We’re committed to building thriving communities throughout the region through relationship-based financial services and…
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Firstrust Bank’s Commitment to Community Shines Bright at Olympic-Style Event for Children with Disabilities
Firstrust Bank, a longtime supporter of Variety — The Children’s Charity of the Delaware Valley, played a pivotal role in the success of the 22nd annual Annie Madden Sunshine Games held recently at the nonprofit’s campus in Worcester Township. The event brought together children and young adults with disabilities, and Firstrust Bank’s support — which…
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Citadel Credit Union Commits to Donating $1 Million to CHOP with Renewal of Parkway Run & Walk Sponsorship
Citadel Credit Union will renew its longstanding, award-winning partnership with Children’s Hospital of Philadelphia (CHOP) by signing on as presenting sponsor of the CHOP Parkway Run & Walk through 2027. Through this sponsorship, Citadel has committed to donating at least $1 million over four years to support breakthrough pediatric cancer research at the Cancer Center at CHOP. Citadel, a member-owned, not-for-profit credit union,…
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Investing in Fine Art Now Simpler as Access to Alternative Asset Classes Expands
Fine art is an untapped space that has mostly been reserved for investors who have millions to buy an entire painting, writes Diana Bird for Moneywise. This provided them with a distinct advantage, as contemporary art has outperformed the S&P 500 for the last 26 years by 131 percent. Now, a new platform has made…
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Dimes Issued by U.S. Mint In Philadelphia in 1982 Could Be Worth Thousands
A series of dimes bearing the face of United States President Franklin D. Roosevelt but missing a mint mark released in 1982 by the U.S. Mint in Philadelphia could be worth thousands of dollars each, writes Robert Higgs for cleveland.com. These so-called No-P Dimes miss a small P that should have been shown to the…
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Penn Community Bank, St. Luke’s Continue Summer Meals Program Partnership
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has once again partnered with St. Luke’s University Health Network to ensure no Quakertown-area child goes without a nutritious lunch during the summer months. “As a community bank, we’re committed to building thriving communities – now, and into the future. That begins by ensuring children…
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How to Identify and Report Financial Fraud in Pennsylvania
Financial fraud comes in many forms, but the goal is always the same: to illegally gain access to your finances. It can happen to anyone, so if you’re a credit union member in Pennsylvania, it’s important to be vigilant and understand what to do if you or your loved one is the victim of a…
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Bob Marino Departing Citizens Financial Services to Join Trusted Land Transfer as Executive Chairman
Longtime banker Bob Marino has resigned as a Citizens Financial Services board member and chief revenue officer to focus on his role as chairman of Fort Washington-based title insurance company Trusted Land Transfer, writes Jeff Blumenthal for the Philadelphia Business Journal. Marino joined Citizens Financial just over two months ago as part of its $67…
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Strategies You Need to Know to Maximize Your 401(k)
Named after its section in the Internal Revenue Service code, 401(k)’s and other employer-sponsored retirement plans, such as 403(b)’s and 457’s, have become a mainstay for building and saving toward retirement. These retirement plans offer the most comprehensive benefits, from the highest contribution limits to employer matching to unlimited creditor protection, to name a few.…
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Younger Generations Are Eschewing the Stock Market, Turning to Alt Investments to Grow Wealth
Young, rich investors are veering away from conventional choices such as stocks and bonds and turning to alternative investments to grow their wealth, writes Jeannine Mancini for Benzinga. According to a new survey conducted by Lansons, less than 10 percent of the American population has invested in alternative assets. At the same time, younger generations…
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Penn Community Bank’s Home Opportunity Mortgage Increases Access to Housing for All
Throughout its 150-year history, Penn Community Bank has been committed to helping people achieve the dream of home ownership and now with its new Home Opportunity Mortgage program, it will be able to help more individuals and families. The Home Opportunity Mortgage program ensures fair, affordable access to housing from the Lehigh Valley to Philadelphia and…
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Homebuyers in Bucks County Facing Challenges This Summer Due to Low Inventory
The current Bucks County housing market is creating challenges for homebuyers this summer as they are being forced to compete for the limited number of homes for sale, writes James Forsyth for the Off Plan Property Exchange. The county currently has only 557 active listings, compared to 769 last July and a five-year average of…
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C&N Welcomes Kathryn Sellers as a Mortgage Loan Originator
C&N, the leading financial services company in the region, welcomed Kathryn “Katie” Sellers Mortgage Loan Originator II based in Doylestown. Katie brings over two decades of mortgage lending experience to her new role and will work with clients on residential mortgage loans to help them buy, build or refinance their homes. “[Katie’s] background in construction…
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Wealth Management Firm with Offices in Bucks County Named to Inc. 5000 List
Savant Wealth Management, with offices in Doylestown, has been named to the Inc. 5000 annual list of fastest-growing private companies in America. Ranking No. 4,589 overall and No. 248 in the financial services industry, this is Savant’s inaugural year of being recognized on the prestigious list. Savant and all companies paid an entry fee to…
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New Bill Aims to Grant Accredited Investor Status, Access to Private Markets to Those Who Pass Exam
If you’re interested in investing in a hot startup or joining a market-beating private investment fund, chances are you won’t be able to unless you’re already quite wealthy or have particular investment expertise, writes Brian J. O’Connor for SmartAsset. However, a recently passed House bill wants to change that and allow investors to put their…
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